Benzinga | Oct 12, 2021 04:28PM EDT

Tetra Tech Secures $19.5M Contract From USAID

* Tetra Tech, Inc. (NASDAQ:TTEK) has secured a four-year, $19.5 million, single-award contract from the U.S. Agency for International Development (USAID).

* Tetra Tech will implement the Water and Energy for Food (WE4F) Southern and Central Africa Regional Innovation Hub in collaboration with Open Capital Advisors and the International Water Management Institute.

* Tetra Tech energy specialists will support the development and management of the Regional Innovation Hub to identify water-energy-food nexus companies throughout the region.

* "Tetra Tech has supported USAID's energy reform programs--including utility modernization and deployment of advanced off-grid power solutions--in Sub-Saharan Africa for more than 30 years," said Chairman and CEO Dan Batrack.

* Price Action: TTEK shares closed higher by 0.01% at $157.66 on Tuesday.